‘Our brick & mortar sales trend improved sequentially in the first quarter, supported by the spin-off Growth50 stores and Backstage. We had another quarter of double-digit growth in our digital business, and mobile continues to be our fastest-growing channel,’ said Gennette.

Despite the strong sales, Macy’s Q1 revenue was less impressive than predicted because sales are down overall from a year ago. Cowen and Company's analysts noted that department stores like Macy’s need to attract younger female customers to compete with Amazon.

How did Macy’s Q1 results compare to other retailers?

What’s next for Macy’s Q2 earnings?

For fiscal year 2019, Macy’s Q2 earnings per share are predicted to be in the range of $3.05-$3.25. Gennette also noted that the US-China trade war could impact Macy’s Q2 sales.

‘If the potential fourth tranche of tariffs is placed on all Chinese imports, that will have an impact on both our private and our national brands,’ said Gennette.

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